Annual Report of the Jenoptik Group Lasers & Material Processing | Optical Systems | Industrial Metrology | Traffic Solutions | Defense & Civil Systems
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Annual Report of the Jenoptik Group LAsers & MAterial ProcessIng | OptIcal systeMs | Industrial MetroLogy | trAffIc soLutIons | defense & cIvil systeMs Index of keywords A – Z content Dates 2011 Investor relatIons March 24, 2011 katrin fleischer segment reporting 79 ff. Publication of the Annual report Phone + 49 (0) 3641 / 65-2290 A F N >> shareholders´ equity 69, 74 f., 117 2010 fax + 49 (0) 3641 / 65-2804 2 informatIon for the 121 Notes to the consolidAted Accounting and financial assets 71, 145 net asset position 73 ff. shareholders´ structure 33 e-Mail: [email protected] shArehoLders fInAncial stAteMents E consolidation principles 121 ff., 128 financial calendar 2011 u8 notes 121 ff. shareholdings 38, 45, 81 f., 90, 94 c Accounting policies 69, 119, 120 financial instruments 165 ff. share master data 33 May 13, 2011 lan 2 Foreword of the executive Board 121 Details of the group structure Adjusted result 56 financial liabilities 68 ff., 162 ff. O share price development 33 G Publication of the Interim report PublIc relatIons A Assets 73 ff., 143 ff. financial position 68 ff. shares 32 f., 43, 147, 157 5 Report of the supervisory Board 127 Accounting policies st at Asset position 50 ff. financial statements 115 ff. operating income / EBIt 108, 133 social commitment 67 1 quarter 2011 Auditor´s report 178 forecast report 109 ff. opportunities and statement of movements in 12 Corporate governance declaration 138 Historical summary of financial data katrin Lauterbach Acquisitions of sales 76 foreword 3 risk report 89 ff. shareholders´ equity 118 f. corporate governance 140 Segment reporting further training 61 ff., 107 options 44, 98 f., 164 statement of June 8, 2011 Phone + 49 (0) 3641 / 65-2255 JENOPTIK B order intake / backlog 56 f., 111 f. comprehensive income 116, 143 general Meeting of JenoPtIk Ag 2011 fax + 49 (0) 3641 / 65-2484 19 Improving the quality of our lives – 143 Notes to the statement of comprehensive income order situation 56 strategy 46 f., 77 ImprovIng the quality of our lives G e-Mail: [email protected] state-of-the-art technology is our contribution 148 Notes to the balance sheet Balance sheet 73 ff., 117 organization 7, 40, 45, 61, 96 subsidiaries 123 ff. Borrowed capital 69, 138 glossary 182 f. other operating supervisory Board 5, 174 ff. august 11, 2011 30 2010 in review 165 Other notes Business areas 36 group structure 36 expenses 58, 116, 144 sustainability report 65 ff. state-of-the-art technology is our contribution Publication of the semi Annual report 2011 Business development 109 f. outlook 106 ff. 32 The Jenoptik share 171 Obligatory and supplementary disclosures under HGB Balance sheet, notes 148 f. H overall economic situation 48 f., 103 f. T 172 German corporate governance code noveMber 9, 2011 c historical summary of P tangible assets 70 f., 73, 129, 150 ff. 35 GrouP MAnAgeMent rePort 172 Executive Board financial data 138 f. targets and strategy 46 f. Publication of the Interim report 174 Supervisory Board capital expenditure 59, 70 f., 113 Pensions 135, 158, 173 training 62 f., 77 3rd quarter 2011 www.jenoptik.com ANNUAL REPORT 2010 36 Business and framework conditions capital increase 72, 118, 156 I Pension trust 155, 158 177 Responsibility statement by management cash flow statement 120, 164 f. Personnel expenses 62, 69, V 53 Earnings, financial and asset position cash flow 53, 71 f. Income statement, notes 116, 143 139, 171 79 Segment reporting change of control 42, 45, 75 Innovations 59, 80 Personnel ratio 61, 139 value added 68 f. 178 Auditors‘ report chronicle 30 f. Intangible assets 70 f., 128 f., 148 Post-balance sheet events 89 89 Report on post-balance sheet events consolidated companies 117 f., 148 ff. Interest result 56, 145 Procurement 67, 96 f. W 89 Risk report contingent liabilities 169 Inventories 74, 154 Products 36 f., 66, 81 ff., 106 179 AddItIonAL InforMAtIon continuing business divisions 116 Investment result 56, 116, 144 Provisions 75, 135 f., 159 working capital 71 f., 74, 120 103 Forecast report corporate governance 9, 13 ff. Investor relations 32 f. 180 Executive Management Board currency translations 127 Q K 115 ConsolidAted fInAncial 181 Scientific advisory council D quality management 64 key figures by business division 46 stAteMents 182 Financial glossary declaration of key figures by region 141 R 184 Imprint corporate governance 12 ff. 116 Consolidated statement of comprehensive income defence & civil systems 86 ff. L real estate 65, 73, 98 f., Selected subsidiaries depreciation 55, 70 f., 120 112 f.,151, 168 f. 117 Consolidated balance sheet Key figures of Jenoptik details of structure 113 Lasers & optical systems 79 ff. remuneration 40 ff., 161 f. 118 Consolidated statement of movements directive on takeover Bids 43 ff. Leasing 69 f., 130, 152 f. report of the supervisory Board 5 f. Index of key words distribution 143 Letter to the shareholders 3 research & development 59 f., 143 in shareholders‘ equity divisions 38 f. Liabilities 68 ff., 117, 162 f. reserves 75, 135 f., 158 Dates and contacts >> cover backside Liquidity position 71 risk management system 89 ff. 120 Consolidated statement of cash flows E Locations 38 ff. risk report 89 ff. responsibility statement earnings (eBIt) 56, 116, 147 M by management 177 earnings position 54 employees 40 f., 61 f., 77, 112, 139 Management report 35 ff. S environmental management 65 Management trainees 62, 107 executive Board 2 Markets 38 f., 54, 109 f. sales forecast 2011 111 executive Management Material costs, scientific Advisory Board 181 Board 40, 90, 180 materials ratio 139, 174 sectors 38, 49 ff., 93 f., 104 f. earnings per share 56, 116, 147 Metrology segment 83 ff., 133 segments 36, 55, 79 ff. JENOPTIK ANNUAL | Group REPORT 2010 whAt wAs WHO WE ARE key Figures of JENOPtIk JenoPtIk Ag seLected InvestMent companIes (as at february 2011) key fIgures of JenoPtIk 2010 2009 continuing (in million euros) business divisions Group Group change in % 100 % ESW gmbh 100 % JENOPtIK north america, Inc. Sales 478.8 510.6 473.6 7.8 executIve boarD germany, wedel USA, delaware (florida) of which Lasers & Optical Systems 188.9 188.9 166.7 13.3 2010 2009 Metrology 113.8 113.8 96.0 18.5 continuing corPorate center 50 % HILLOS gmbh 100 % JENOPtIK optical systems gmbh Defense & Civil Systems 173.9 205.8 205.3 0.2 (in million euros) business divisions Group Group change in % germany, Jena germany, Jena Others 1) 2.2 2.1 5.6 – 62.5 Sales 478.8 510.6 473.6 7.8 EBITDA 60.1 88.7 23.4 279.1 lasers & MaterIal OptIcal systeMs InDustrIal Metrology traffIc solutIons Defense & CivIl Domestic 199.1 205.3 202.0 1.6 of which Lasers & Optical Systems 24.0 24.0 3.9 515.4 ProcessIng systeMs 100 % hommel-etamic gmbh 100 % JENOPtIK optical systems, Inc. Foreign 279.7 305.3 271.6 12.4 Metrology 12.1 12.1 – 8.5 ++ germany, villingen-schwenningen USA, Jupiter (florida) EBITDA (operative) 57.7 61.8 43.1 43.4 Leading provider of laser tech- Leading global provider of Leading manufacturer of high- one of the leading suppliers of the focus areas are military and Defense & Civil Systems 14.9 19.0 19.6 – 3.1 Others 1) 9.1 33.6 8.4 300.0 EBITDA 60.1 88.7 23.4 279.1 nology, specializing in diode precision optics and optical precision contact and non- components and systems for civil vehicle, rail and aircraft lasers and innovative solid-state systems designed to meet the contact metrology systems. greater worldwide road traffic equipment, drive and stabiliza- 100 % HOMMEL-ETAMIc america corp. 100 % JENOPtIK Polymer systems gmbh EBIT 29.0 56.4 – 19.6 ++ EBIT (operative) 29.0 31.9 7.8 309.0 lasers, e. g. thin-disk and fiber most stringent demands in the division has many years of safety. the product portfolio tion technology and energy sys- USA, rochester hills (MI) germany, triptis of which Lasers & Optical Systems 13.3 13.3 – 16.5 ++ EBIT 29.0 56.4 – 19.6 ++ lasers. terms of quality. expertise in the development of includes speed measurement tems as well as laser distance Metrology 8.6 8.6 – 14.6 ++ 1) the division has control of the division is design, develop- tactile, optical and pneumatic and red light monitoring sys- and infrared sensor systems. EBIT margin 6.1 % 11.0 % Defense & Civil Systems 8.6 11.5 12.2 – 5.7 the entire value-added chain ment and production partner measuring techniques as well tems as well as oeM products opto-electronic instruments 100 % hommel-etamic france SA 100 % JENOPtIK robot gmbh Earnings before tax 15.0 42.5 – 34.3 ++ Others 1) – 1.5 23.0 – 0.7 ++ (semiconductor material, laser for optical, micro-optical and as in the realization of customer and systems for detection of and systems for the security france, Bayeux cedex germany, Monheim 2) Earnings after tax 9.0 36.4 – 33.9 ++ sources, laser systems, system optical coating components, applications in-process, post- other traffic violations. In the industry as well as software, EBIT margin (EBIT in % of sales) 6.1 % 11.0 % Free cash flow (before income taxes) 31.6 32.9 41.0 – 19.8 and automation technology for opto-mechanical assemblies, process or in the metrology field of service, every aspect measurement and control tech- of which Lasers & Optical Systems 7.0 % 7.0 % entire production facilities). modules and systems, made of room. of the accompanying process nology complement the spec- 100 % hommel-Movomatic suisse SA 100 % JENOPtIK SSC gmbh Metrology 7.6 % 7.6 % Investments in tangible and intangible assets 14.5 15.3 14.4 6.3 glass, crystals as well as plastics.